EC Levies $858 Million in Fines Against LCD Manufacturers For Cartel Activity

The Commission fined six Liquid Crystal Display (LCD) manufacturers $858 million for cartel practices in the manufacture and sale of televisions and computer monitors. According to the Commission, the companies operated the cartel for over four years, agreeing on pricing, future production planning, and capacity utilization. Also, participants held approximately 60 meetings dubbed the “crystal meetings” in hotels and took other steps such as limiting written communication to hide the existence of the cartel. The largest portion of the fine was levied against Chimei InnoLux.  Samsung Electronics Co. received full immunity for providing information to the Commission.

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